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By: Henry Lazenby16th August 2016
Despite having $51.3-million in its coffers as at the end of June, marine mining pioneer Nautilus Minerals on Monday announced that it would implement several measures aimed at preserving the company’s capital position while it seeks to secure further project financing. The TSX-listed company... →

By: Henry Lazenby12th December 2015
Prospective ocean floor miner Nautilus Minerals has signed a new sales agreement with China-based Tongling Nonferrous Metals Group for the ores extracted from the company’s Solwara 1 deposit, located in the Bismarck Sea offshore Papua New Guinea, with first delivery expected in the first half of... →

By: Henry Lazenby29th September 2015
Steel cutting for deep-sea mining pioneer Nautilus Minerals’ production support vessel started last week while environmentalists ramped up protests against the project, citing flawed environmental and social benchmarking analysis (ESBA) for the Solwara 1 copper/gold/zinc/silver project, in the... →

By: Henry Lazenby30th July 2015
Prospective seafloor miner Nautilus Minerals has awarded a contract for the detailed design of the Solwara 1 dewatering plant to be used on the company’s production support vessel to the Brisbane office of global consulting engineering firm DRA Group. The scope of work awarded to DRA involved the... →

By: Henry Lazenby11th June 2015
The Independent State of Papua New Guinea (PNG) would have another six months to exercise stock options that Canadian marine mining leader Nautilus Minerals had granted to its joint venture (JV) partner in the Solwara 1 offshore project. Under terms of a December 11 JV accord, the country’s... →

By: Henry Lazenby1st June 2015
An independent report on Nautilus Minerals’ Solwara 1 project, offshore Papua New Guinea, has found that the project has the potential to significantly reduce social and environmental impacts commonly associated with large surface terrestrial copper mines. Toronto-based Nautilus had commissioned... →

By: Henry Lazenby20th April 2015
Prospective marine miner Nautilus Minerals has awarded Siemens International Trading (Shanghai), a subsidiary of Siemens, the entire electrical installation contract for its support vessel currently being designed and built by Fujian Mawei Shipbuilding, in Fujian province, in south-eastern China.... →

By: Henry Lazenby24th February 2015
Canadian marine-mining hopeful Nautilus Minerals on Monday reported that it had started commissioning and factory acceptance testing of the third seafloor production tool (SPT), the auxiliary cutter, at engineering firm Soil Machine Dynamics’ facility, at Newcastle upon Tyne, in the UK.
The... →

By: Henry Lazenby23rd April 2012
Marine miner Nautilus Minerals has signed an offtake agreement with Chinese firm Tongling Nonferrous Metals for the product extracted from its Solwara 1 copper/gold deposit, off the coast of Papua New Guinea.
"We have now closed the value chain on the project, established our first customer for... →

By: Matthew Hill9th March 2012
While Nautilus Minerals, aiming to become the first deep-sea metals producer by the end of next year, still needs to raise $90-million to $100-million to fully fund the project, it has about two years to do so, CEO Steve Rogers said on Thursday.
The Aim- and TSX-listed company last year... →